The steeper an isoquant is (labor measured on the horizontal axis) O A. the grea

Question

The steeper an isoquant is (labor measured on the horizontal axis) O A. the greater is the marginal productivity of labor relative to that of capital. O B. the greater is the need to keep capital and labor in fixed proportions. O C. the greater is the s O D. the greater is the level of output. To say that isoquants are convex is to say that: ( A, capital and labor are perfect substitutes. B. C. O D. there are constant returns to scale. the marginal rate of technical substitution falls as labor increases. labor, but not capital, is subject to the law of diminishing marginal returns

Explanation / Answer

Q1
Answer
A
The steeper slopes show the greater marginal productivity of labor relative to that of capital.
the labor has more productivity so the more capital is needed for less labor and that makes the curve steeper.

Q2
Answer
Option C
Because the convex curve shows the decreasing marginal opportunity cost principle

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